Trade Electronix Ltd (04068630): administration
- Status
- Administration ended
- Administration began
- 2014-03-11
- Administrators
- Steven Martin Stokes, Christopher Stirland
- Administrators' firm
- FRP Advisory
- Formerly
- Wiltsgrove (UK) Limited
- Incorporated
- 2000-09-08
- Location
- Birmingham
- Industry
- 82990 Other business support service activities n.e.c.
Why it went into administration
- Sustained trading losses
From the administrators' statement
The Company was incorporated on 8 September 2000 and its principle activity was an electrical wholesaler specialising in reselling returned /refurbished household electrical goods.
The Company traded from a freehold property on River Street, Digbeth, Birmingham (“the Property’).
Following a decline in sales due to adverse economic conditions the directors of the Company initially instructed Sharma & Co Ltd (“SCL”) to assist them tn placing the Company in a Creditors Voluntary Liquidation. A board meeting was held on 24 February 2014, with notices circulated convening a Section 98 creditors meeting for 24 March 2014.
Administrators' statement of proposals (2014-05-02) · Companies House register